Chile - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Chile was 31.54 as of 2020. Its highest value over the past 60 years was 45.07 in 2007, while its lowest value was 9.56 in 1972.

Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 13.06
1961 11.40
1962 11.35
1963 12.30
1964 12.25
1965 13.28
1966 14.34
1967 14.05
1968 13.70
1969 16.08
1970 14.36
1971 10.84
1972 9.56
1973 13.30
1974 19.53
1975 24.11
1976 23.94
1977 19.73
1978 19.82
1979 22.13
1980 21.67
1981 15.54
1982 18.61
1983 23.42
1984 22.80
1985 26.25
1986 27.32
1987 28.34
1988 32.47
1989 33.70
1990 32.49
1991 31.30
1992 28.96
1993 25.88
1994 27.46
1995 28.63
1996 26.65
1997 26.47
1998 25.52
1999 28.77
2000 30.53
2001 32.40
2002 32.80
2003 35.66
2004 39.80
2005 40.16
2006 43.80
2007 45.07
2008 41.42
2009 37.04
2010 37.75
2011 37.76
2012 34.12
2013 32.20
2014 33.11
2015 29.38
2016 28.15
2017 28.44
2018 28.51
2019 28.02
2020 31.54

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts